The Australian dollar has been very volatile during Monday trading, initially surging higher during the day, but finding enough resistance near the 0.7650 level to roll over and sell off rather significantly. The daily candle looks very...
The EUR/USD continues to advance steadily on Monday. After touching an intraday low of 1.1912 in the Asian session, the pair has advanced 45 pips, rising in the European morning to 9-week highs at 1.1957. The common...
USDCAD is testing 1.2666 support. A breakdown below this level could signal resumption of the downtrend from 1.2916, then next target would be at 1.2600 area. Below here would aim 1.2433 support. Near term resistance is at...
USDJPY’s downside movement from 114.73 extended to as low as 111.06. As long as the price is below the falling trend line on its 4-hour chart, the bounce from 111.06 could be treated as consolidation of the...
AUDUSD is facing a resistance of the top trend line of the price channel on its 4-hour chart. As long as the channel resistance holds, the bounce from 0.7532 could be treated as consolidation of the downtrend...
GBPUSD extended its upside movement from 1.3039 to as high as 1.3359, breaking above 1.3337 key resistance. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be...
EURUSD extended its upside movement from 1.1554 to as high as 1.1944, breaking above 1.1879 key resistance, confirming that the downside movement from 1.2092 (Sep 8 high) had completed at 1.1554 already. Near term support is at...
By Elliott Wave International Your Bond Fund: It’s Riskier Than You Think Quantitative Easing (QE) changed the bond markets in ways many don’t realize. And now that QE is unwinding, investing in bonds comes with pitfalls that...
USDCAD broke below the bullish trend line on the daily chart and is now facing 1.2666 support. A breakdown below this level will confirm that the upside movement from 1.2061 had completed at 1.2916 already, then further...
USDJPY broke below 111.47 key support, confirming that the upside movement from 107.31 had completed at 114.73 already. Further decline would likely be seen over the next several weeks and next target would be at 109.50. A...
